ISOTeam, the renovations specialist, saw a 4.7% rise in half-year earnings to $4.3 million from $4.1 million a year ago.
Revenue surged 14.7% to $44.7 million.
ISOTeam says its bottomline improved despite higher costs associated with the group’s expansion and acquisition activities. These included a 120.5% increase in its marketing and distribution expenses to $0.9 million and a 62.9% increase in general and administrative expenses to $5.4 million.
During the half year, the group completed and delivered five Repairs and Redecoration projects. Revenue contribution from this segment decreased 18.1% to $24 million and was mainly derived from projects awarded by town councils.
The group’s Addition and Alteration segment generated a revenue of $9.7 million in HY2016, representing an increase of 19.2% from HY2015.
Gross profit rose in tandem by 27.1% to $10.9 million in HY2016 compared to $8.6 million in HY2015, while overall gross profit margin climbed 2.4 percentage points to 24.4% over the same period due to better profit margins from completed R&R and A&A projects.
As at end Jan, ISOTeam’s order book reached a record high of $89.7 million.
ISOTeam closed at 60.5 cents on Thursday.
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Revenue surged 14.7% to $44.7 million.
ISOTeam says its bottomline improved despite higher costs associated with the group’s expansion and acquisition activities. These included a 120.5% increase in its marketing and distribution expenses to $0.9 million and a 62.9% increase in general and administrative expenses to $5.4 million.
During the half year, the group completed and delivered five Repairs and Redecoration projects. Revenue contribution from this segment decreased 18.1% to $24 million and was mainly derived from projects awarded by town councils.
The group’s Addition and Alteration segment generated a revenue of $9.7 million in HY2016, representing an increase of 19.2% from HY2015.
Gross profit rose in tandem by 27.1% to $10.9 million in HY2016 compared to $8.6 million in HY2015, while overall gross profit margin climbed 2.4 percentage points to 24.4% over the same period due to better profit margins from completed R&R and A&A projects.
As at end Jan, ISOTeam’s order book reached a record high of $89.7 million.
ISOTeam closed at 60.5 cents on Thursday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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